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China Sanjiang Fine Chemicals Terminates Management Agreement Amid Tariff Concerns

Story Highlights
  • China Sanjiang Fine Chemicals operates in the chemical industry, producing various chemicals.
  • The company terminated its agreement with Grand Novel due to tariff-related logistical issues.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

An update from China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ) is now available.

China Sanjiang Fine Chemicals Co., Ltd. has announced the termination of its Management Agreement with Grand Novel due to logistical uncertainties stemming from recent tariffs imposed by the USA and counter-tariffs by China. The company believes this decision is in the best interest of its shareholders and will consider new management agreements if necessary.

More about China Sanjiang Fine Chemicals Co., Ltd.

China Sanjiang Fine Chemicals Co., Ltd. operates in the chemical industry, focusing on the production and supply of chemicals such as ethane, propane, butane, methanol, and silver. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: -13.10%

Average Trading Volume: 640,644

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$1.76B

For a thorough assessment of 2198 stock, go to TipRanks’ Stock Analysis page.

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